If you are referring to the George Washington Presidential Dollar Coin minted in 2007, it’s important to note that these coins are not made of gold but a manganese-brass clad, giving them a gold-like appearance. The years 1789-1797 on these coins indicate George Washington’s presidential term, not the year the coin was minted, which is actually 2007.
The value of these 2007 coins depends on several factors:
- Circulated condition: They are typically worth face value, around $1.00.
- Uncirculated condition: Can fetch slightly higher prices, ranging from $2.00 to $8.00.
- Error coins: Some of these coins were minted with errors like missing or inverted edge lettering, which can increase their value significantly, potentially reaching $50 to $350+ depending on the type and condition.
- Proof sets: Proof coins, minted with a mirror-like finish for collectors, can range in value from $12.00 to $40.00 or more, depending on their grade.
If you are referring to an actual gold coin minted in 1789 featuring George Washington, this would be a historical piece and likely not a standard US dollar coin. The first official US gold dollar coin was minted in 1849. However, there are historical George Washington coins and medals that date back to the late 1700s, some originating in England. One listing on eBay describes a “George Washington 21 of 100, $1 Gold Coin, 1789”. However, it is essential to be cautious about such listings and verify the authenticity and materials of these coins.
To determine the value of any specific coin, it’s best to consult a professional coin appraiser or use resources like the Greysheet Catalog. They can accurately assess the coin’s condition, rarity, and any potential errors or unique characteristics that influence its market value.
How do I know if I have a rare $1 coin?
Thanks for asking. One of the easiest ways to tell if a coin is rare is to check the date. If the coin is from before 1800, it’s likely rare. Coins minted in the 19th century are also generally considered rare, with a few exceptions. Coins from the 20th century are less likely to be rare, but there are still some that meet the criteria.